Investment Pieces - A Strategy

When considering investment pieces, the guiding principle should be you love it enough

to wear every day. Universal qualities of these items include: timelessness, durability,

versatility, quality, it fits your style, and perhaps even your coloring.

Look at an “investment” piece to include your time. Identify your pieces in advance and

where to purchase; the cost per wear; what color you’re looking for; and your budget.

An investment piece, due to its cost, requires focus and patience. Have your short list

of what to buy, should you find it, and buy the best that you can afford.

Time your purchase at the end of the season, whereby getting it on sale, if possible.

Some designers don’t do markdowns, so ask if there’s a store discount when you

purchase it. An investment piece is expensive so even a 10% discount is significant.

Get to know your salespeople, they are a great resource and can notify you when a

piece arrives, and how many they have in stock. Given rising interest rates and

unpredictable inventory, there are opportunities to be had for those willing to put in the

time. Outlets are a good option too.

With the advent of The RealReal and online consignments, you can cast a wider net

when looking for a specific piece at a lesser cost. Remember, avoid sites that don’t

authenticate labels or accept returns. Regularly visit local, high-end consignment

shops, as they have regular turn over in stock. Some even maintain lists of what you’re

looking for, so they can contact you should it arrive.

Tammy’s Truism: An investment piece should fit within your current wardrobe without

a lot of additional work or spending, as it can stand alone.